Central bank digital currencies (CBDCs) pose a foundational threat to America’s economic systems with absolutely no upsides, according to a recent analysis from the Cato Institute, which stressed that a U.S. CBDC will threaten citizens’ “core freedoms” from financial privacy to personal liberty. Even though there are no valid reasons for the U.S. government to…
Central Bank Digital Currencies a Foundational Threat to America’s Economic Systems: Think Tank
Can the CBDC Be Stopped?
Commentary In the year 1900, following two decades of debate about the future of American money, L. Frank Baum wrote “The Wonderful Wizard of Oz,” which served as the template for the greatest of all American movies. The story is about much more than it seems. Beneath the surface, it is an attack on ruling-class…
Oppose Digital Currency—Communism Beyond Marx’s Dreams
Commentary For years, we have known that our government is spying on us, that the phones in our pockets and purses are literal homing devices capable of tracking our every move, even when turned off. That’s bad enough, but the looming possibility of digital currency takes the war on individual freedom to a different level,…
Fed Will Only Issue CBDC With Support from White House, Congress: Treasury Official
The Federal Reserve will only issue a central bank digital currency (CBDC) with the support of the White House and Congress, says Nellie Liang, Under Secretary of Treasury for Domestic Finance. Liang joined a discussion at the Atlantic Council’s GeoEconomics Center about the future of money and payments, including cryptocurrency, stablecoins, and CBDCs. It has been…
Fed Will Only Issue Digital Currency With Support From White House, Congress: Treasury Official
The Federal Reserve will only issue a central bank digital currency (CBDC) with the support of the White House and Congress, says Nellie Liang, Under Secretary of Treasury for Domestic Finance. Liang joined a discussion at the Atlantic Council’s GeoEconomics Center about the future of money and payments, including cryptocurrency, stablecoins, and CBDCs. It has been…
Central Bank Digital Currency Tyranny Is Coming–How to Prepare
Commentary We’ve all heard stories about people who survived the Great Depression by hiding cash under their mattresses or burying it in their yards because they’d lost trust in banks. Imagine taking it a step further and taking money from the flawed banking system and putting it into the untrustworthy hands of the government. That’s…
[Premiering 10:30 AM ET] How Digital Currencies Could Mark the End of Financial Freedom in America: Nick Corbishley
The United States may soon have its own digital dollar, which would track transactions while giving banks and governments full control over how people spend money. The New York Federal Reserve has launched a 12-week pilot program for a central bank digital currency, with participants including Mastercard, Citi, HSBC, TD Bank, Wells Fargo, and others….
[PREMIERING NOW] How Digital Currencies Could Mark the End of Financial Freedom in America: Nick Corbishley
The United States may soon have its own digital dollar, which would track transactions while giving banks and governments full control over how people spend money. The New York Federal Reserve has launched a 12-week pilot program for a central bank digital currency, with participants including Mastercard, Citi, HSBC, TD Bank, Wells Fargo, and others….
How Digital Currencies Could Mark the End of Financial Freedom in America: Nick Corbishley
The United States may soon have its own digital dollar, which would track transactions while giving banks and governments full control over how people spend money. The New York Federal Reserve has launched a 12-week pilot program for a central bank digital currency, with participants including Mastercard, Citi, HSBC, TD Bank, Wells Fargo, and others….
[Premiering 12/22, 10:30 AM ET] How Digital Currencies Could Mark the End of Financial Freedom in America: Nick Corbishley
The United States may soon have its own digital dollar, which would track transactions while giving banks and governments full control over how people spend money. The New York Federal Reserve has launched a 12-week pilot program for a central bank digital currency, with participants including Mastercard, Citi, HSBC, TD Bank, Wells Fargo, and others….
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